XML 50 R40.htm IDEA: XBRL DOCUMENT
v3.22.2

Leases Leases (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Leases [Abstract] |
Lease, Cost [Table Text Block] | Other information related to operating leases for the three-month and six-month periods ended June 30, 2022 and 2021 follows:
| Three Months Ended |  | Six Months Ended
(in thousands) | June 30, 2022 |  | June 30, 2021 |  | June 30, 2022 |  | June 30, 2021
Lease cost |  |  |  |  |  |  |
Operating lease cost | $ | 751 |  |  | $ | 698 |  |  | $ | 1,475 |  |  | $ | 1,419 |
Sublease income | (63) |  |  | (63) |  |  | (126) |  |  | (126) |
Total lease cost | $ | 688 |  |  | $ | 635 |  |  | $ | 1,349 |  |  | $ | 1,293 |
Other information |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |
Operating cash flows from operating leases | $ | 768 |  |  | $ | 770 |  |  | $ | 1,541 |  |  | $ | 1,552 |
ROU assets obtained in exchange for new operating lease liabilities | $ | 4,182 |  |  | $ | 180 |  |  | $ | 4,182 |  |  | $ | 180 |
Reductions to ROU assets resulting from reductions to lease obligations | $ | (695) |  |  | $ | (685) |  |  | $ | (1,393) |  |  | $ | (1,379) |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Undiscounted cash flows included in lease liabilities have expected contractual payments as follows:
(in thousands) | June 30, 2022
Six months ending December 31, 2022 | $ | 1,524 |
2023 | 3,293 |
2024 | 2,205 |
2025 | 1,877 |
2026 | 1,796 |
Thereafter | 8,866 |
Total undiscounted minimum lease payments | $ | 19,561 |
Present value adjustment | (2,494) |
Total lease liabilities | $ | 17,067 |
In September 2021, the Company entered into a noncancellable operating lease for an additional retail office for an initial term of 12 years, with two five-year renewal options. The lease commenced on July 1, 2022, and therefore, was not recognized as of December 31, 2021 or June 30, 2022. The fixed payments due on an undiscounted basis over the noncancellable 12-year period of the lease are $3.5 million. The Company will assess the lease term as of the lease commencement date, but does not presently expect that either of the five-year renewal periods will be exercised.

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration